Centerspace (CSR) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CSR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSR, but not buy additional shares or sell existing shares.
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6 brokers have issued 12-month price objectives for Centerspace's shares. Their CSR share price forecasts range from $62.00 to $80.00. On average, they expect the company's stock price to reach $70.80 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for CSR or view top-rated stocks among Wall Street analysts.

Centerspace's stock was trading at $58.67 at the beginning of the year. Since then, CSR shares have increased by 2.8% and is now trading at $60.34.
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Centerspace saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 118,500 shares, an increase of 11.1% from the August 15th total of 106,700 shares. Based on an average daily trading volume, of 63,400 shares, the short-interest ratio is presently 1.9 days.
View Centerspace's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our CSR earnings forecast.

Centerspace (NYSE:CSR) announced its quarterly earnings results on Monday, August, 1st. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $0.33. Centerspace had a net margin of 14.73% and a trailing twelve-month return on equity of 4.45%. During the same period in the prior year, the company earned $0.95 EPS.

Centerspace declared a quarterly dividend on Friday, September 1st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.73 per share on Tuesday, October 10th. This represents a $2.92 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for CSR.

ETFs with the largest weight of Centerspace (NYSE:CSR) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE) and Private Real Estate Strategy via Liquid REITs ETF (PRVT).iShares Residential and Multisector Real Estate ETF (REZ).

Centerspace (NYSE:CSR) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.76%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 64.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSR.

Centerspace updated its FY 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $4.55-$4.75 for the period, compared to the consensus EPS estimate of $4.32. The company issued revenue guidance of -.

Centerspace trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSR."

Centerspace's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.80%), State Street Corp (6.61%), Renaissance Technologies LLC (2.85%), Heitman Real Estate Securities LLC (2.83%), Geode Capital Management LLC (2.21%) and Charles Schwab Investment Management Inc. (1.60%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson.
View institutional ownership trends.

Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSR stock can currently be purchased for approximately $60.34.

Centerspace (NYSE:CSR) has a market capitalization of $902.08 million and generates $256.72 million in revenue each year. The company earns $-13,470,000.00 in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 421 workers across the globe.

Centerspace's mailing address is 1400 31ST AVENUE SW SUITE 60 PO BOX 1988, MINOT ND, 58702. The official website for the company is www.iretapartments.com. The company can be reached via phone at (701) 837-4738, via email at ir@iret.com, or via fax at 701-838-7785.